AUSTIN, TEXAS AND NEW YORK (Dec. 4, 2024) — BioCatch, the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced an integration with Q2’s Digital Banking Platform via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for financial services.
The integration brings BioCatch’s next-generation fraud fighting technology to Q2 customers using Q2 Innovation Studio, giving them access to real-time analysis of as many as 3,000 different physical behavioral patterns (mouse movements and typing speed, for example) and cognitive signals (hesitation, segmented typing, etc.) to flag anomalies. A deviation in user behavior – especially one that matches known patterns of criminal activity – is often a very good indication the online session is fraudulent. Banks with this intelligence can stop fraudsters before they can con customers into unwittingly sending away their hard-earned money.
This announcement also comes at a crucial time: BioCatch data shows financial scams surged by 19% globally in 2023. North America alone saw a staggering 183% spike. A recent BioCatch survey of 600 fraud-fighters in 11 countries on four continents found more than half of respondents reported a rise in financial crime in 2023, while 46% expected a continued increase in 2024.
“As we spend more and more of our daily lives online, and financial institutions push to provide seamless digital experiences for their customers, fraudsters have recognized an enormous opportunity,” BioCatch Senior Director of Global Integration Partners and Alliances Jay Whoriskey said. “BioCatch is proud to offer world-class behavioral biometric intelligence fraud detection and fraud prevention solutions to all customers on the Q2 Digital Banking Platform. Scaling our technology to protect more customers from fraud and financial crime is key to BioCatch’s fraud fighting mission.”
The Q2 Partner Accelerator program, through the Q2 Innovation Studio, allows in-demand financial services companies leveraging the Q2 software development kit to pre-integrate their technology to the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions, and rapidly deploy their standardized integrations to customers.
“We’re excited to welcome BioCatch to the Q2 Accelerator Partner Program,” Q2 SVP of Q2 Innovation Studio Johnny Ola said. “Financial institutions can now access BioCatch’s behavioral biometric intelligence to give an additional layer of defense against fraud and financial crime.”
To learn more about BioCatch and the Q2 Innovation Studio Partner Accelerator Program, please click here.
About BioCatch:
BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, 34 of the world's largest 100 banks and 237 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch's Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 93 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.
About Q2 Holdings, Inc.:
Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for consumers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and X to stay up to date.
PR contacts:
Mac King
BioCatch senior comms manager
Maria Gari
Q2 Holdings, Inc.
